Investment banking list of books

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The Intelligent Investor, Ben Graham. Student to CEO: 97 Ways to Influence Your Way to the Top in Banking and Finance, Simon Dixon. Wall Street Lingo: Thousands of Investment Terms Explained Simply, Nora Peterson. Vault Career Guide to Investment Banking, Tom Loft.

5. Killer Investment Banking Resumes, Wetfeet. Also bonus guide: Insider Guide to Careers in Invest Banking. 6. Monkey Business: Swinging Through the Wall Street Jungle, Peter Troob. 7. The Accidental Investment Banker: Inside the Decade that Transformed Wall Street, Jonathan A Knee. 8. Liar's Poker, Michael Lewis. 9. House of Cards: A Tale of Hubris and Wretched Excess on Wall Street, William Cohan. 10. Black Box Casino: How Wall Street's Risky Shadow Banking Crashed Global Finance, Robert England. - See more at: http://www.emolument.com/career_advice/top_10_books_on_investment_banking#sthash.7neIrpNz.d puf

1. Liar's Poker, by Michael Lewis Published in 1989 by Penguin, this book is a perennial classic for anyone who wants an idea of what it's like to be a bond salesman at a major firm, in this case, Salomon Brothers. Lewis chronicles his experiences in mind-wrenching detail, down to the cultural differences between trading desks, how much bankers eat, and how to become a "big swinging Richard." Key takeaway: Fit is more important than technical competence (though you need to have that as well).

2. Vault Career Guide to Investment Banking by Tom Lott This book will give you an overview of every aspect of the business, a crash course in equity and fixed income offerings, M&A, corporate finance, sales and trading, research and syndicate. Whether you're new to investment banking or need a refresher on an area in which you aren't an expert, the book, first published in 2007 by Vault, will take you through everything you need to know to sound intelligent in front of HR at your next interview. Key takeaway: Industry basics, delivered as in a college text book.

3. Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions by Joshua Rosenbaum and Joshua Pearl Written in 2009 by a managing director and director at UBS and published by Wiley, this book is useful for anyone who conducts valuations. Those interested in M&A transactions, IPOs and

restructurings will learn frameworks for how to get deals done. The book delves into primary valuation methodologies, which you'll need in your arsenal to succeed on Wall Street. Key takeaway: Basic and sophisticated methodologies for valuation explained.

4. Market Wizards by Jack Schwager This collection of interviewers with traders published by HarperCollins in 1988 covers their backgrounds, techniques and tips for how to be successful. Schwager interviews commodities traders like Michael Marcus and Bruce Kovner, as well as stocks and index futures traders like William O'Neil and Marty Schwartz. The book is a useful guide that imparts both recommendations and background into the world of trading. Key takeaway: Everyone has a different trading strategy that works for them; self-discipline and the ability to cut your losses is essential.

5a. The Last Tycoons: The Secret History of Lazard Freres & Co. by William Cohan (Doubleday, 2007)

5b. The Partnership: The Making of Goldman Sachs by Charles Ellis (Penguin Press HC, 2008) Reading books about specific banks will help inform you of the culture before you join on. "The Last Tycoons" reveals some uncomfortable history regarding Lazard's treatment of women and is a must-read for those applying to work at the bank, while "The Partnership" stresses the importance of recruitment for Goldman. Key takeaway: Thorough histories of two firms that will inform your decision to become a part of their worlds.

Investment Banking 101

1. Investment Banking Explained: An Insiders Guide to the Industry, by Michel Fleuriet

Gordon Gekko was a terrible teacher. Lunch is for wimps just isnt very useful when you want to know what this whole investment banking game is all about. Step in Mr Fleuriet a half banker half academic. In this book he breaks the IB industry apart and shows you exactly what everyone does. By the end of the book you will know the history of banking, the difference between S&T v M&A v Capital Raising, plus how it all inter connects. For aspiring bankers this may not be the most exciting read, but its definitely one of the most important. And hey, at just on 300 pages you can knock this off between classes! 2. Investment Banks, Hedge Funds and Private Equity, by David Stowell Although not as well focused and easy to understand as Investment Banking Explained this book is another worthy addition to the IB 101 curriculum. Penned by a Kellogg Professor, it too aims to demystify the world of IB for aspiring bankers. But with so much focus on hedge funds and PE, you can leave this on the maybe list. That said, there is much love for the fact that it goes into the financial crisis somewhat (unlike Fleuriets 2007 written book). Case studies too. End conclusion: get it if you are still confused after reading Fleuriets. 3. Wall Street Lingo: Thousands of Investment Terms Explained Simply, by Nora Peterson Get this book. If you want to avoid looking like an idiot thanks to misusing financial terminology then youll love this term-by-term playbook! Nora has gone to great lengths to not only explain a 1000 of the most common & useful terms, but shes organized them all into chapters. This is not your freaking typical dictionary. Perhaps the reason you should get this most is that its aimed at individual investors not industry types or investment bankers in particular. That means it starts at beginners level and goes slowly. As an aspiring banker without experience, this is great. By the end of this book you will be able to keep up with any banker talking at 1000 words a minute, youll understand everything those talking heads on CNBC are yammering on about and youll be able to lace your interview answers with terms bankers love. This is your definitive book of financial dirty talk. 4. Dictionary of Finance, Investment and Banking, by Erik Banks If you want more of a real dictionary than Wall Street Lingo something more like your traditional reference piece then this might be for you. It is super comprehensive (to the point of extreme), but a handy resource to have for those hoping to get to grips with all the complicated terms in banking. But then again, you might be better served by just gettingWall Street Lingo (a book you can read chapter by chapter) and simply using an online dictionary service for all your referencing needs! 5. The Business of Investment Banking: A Comprehensive Overview, by K Thomas Liaw This is another 50,000 feet overview of investment banking. And although in the same vein as Fleuriet and Stowell, Liaws book is fresh out of the financial crisis frying pan! Not only does Liaw incorporate the regulatory changes and other post 2009 fall outs into this book, but also casts an eye to investment banking in China, India and Russia. Before recommending this outright, know that this is once again for aspiring bankers only. Meaning, if you have experience in banking forget about it, because this will be as close to valium as you can get. But for college students or B-schoolers put this on your shopping list.

6. Doing Deals: Investment Banks At Work, by Robert Eccles and Dwight Crane Welcome to the pipe & jacket aspiring bankers favorite guide to investment banking. This 23 year old book remains a true gem, because it approaches the IB 101 viewpoint from a unique angle. It looks at all the parts of investment banks, how theyre structured and even the practicalities like bonuses. It also manages to go from 50,000 feet to 5 feet, meaning you get both the broad picture and the detailed points. So dont be put off by the age of the book. Consider it if you have already read the Vault Guide and have the time/money.

Banker Porn
1. Barbarians at the Gate: The Fall of RJR Nabisco, by Bryan Burrough and John Heylar If you dont want to go out and buy a box of cigars after reading this book theres something wrong with you! It is one of the most engaging books written on IB/PE/M&A youll ever come across. And in case you were wonderingno, no the film does not compare to the book. Although its about a past era (the 80s) this book is essential reading for todays wannabe investment banker. Just dont get too carried away by the big tales in this book. 2. Monkey Business, by John Rolfe and Peter Troob This is the book you read with a heavy Scotch, because youll need it in order to digest the insane picture painted of investment banking and the madcap bankers that inhabit this world. Youll also need it for courage, because after reading this you might seriously reconsider a career in banking. Should you read it? Well of course. Its hilarious at least if you like good banker style banter. And it does a good job at setting expectations on the floor! 3. Liars Poker, by Michael Lewis Youve probably already read it, and if you havent go out and do yourself a favor now. Whether you are interested in S&T or M&A or whatever, as an aspiring banker you should check this out, because its infotainment at its best. Youll laugh when you read the crazy stories and youll learn when Lewis talks about organizational life. This is a street level education on the world of banking that every students needs to have. So even if its somewhat old now documenting an earlier era (late 80s) and quite possibly older than you, pick it up. Ie Dont just jump for Lewis latest, start with the original. 4. The Accidental Investment Banker: Inside the Decade That Transformed Wall Street, by Jonathan Knee This is true banker porn! Written by a Goldman-Stanley lovechild who experienced both the eye popping heights of the dot com boom and the crashing lows immediately after, this is a must read for aspiring bankers. Youll get a good sense of the life of a banker when you read this and a clearer view of what its like to do a decade plus in the industry (a rare feat it must be said). Although the book slows in parts, its got more than enough juice to inspire even the most jaded candidate to give it their all this recruiting season.

5. Damn It Feels Good To Be A Banker: And Other Balla Things You Only Get To Say If You Work On Wall Street, by Leveraged Sellout Another hilarious look at Wall Street, but this time cast with 100% imagination. Unlike Monkey Business and other classic IB Life books, this isnt actually written by a banker or former Excel Monkey. Instead its penned by the outrageous Amit Chatwani who you can see beating up a team of management consultants here. You should buy this book, or at least check out the blog by Leveraged Sellout, because it makes for hilarious study-break reading. The elitist rants about the peasants working on the sell side will have you hurting from laughter. Just remember when you read itthis is satireenough said. Enjoy! 6. Den of Thieves, by James Stewart Disappointed you didnt graduate in the 80s and into the great decade? Well, heres your chance to realize how good and bad it could have been. Stewarts book makes for an interesting read with its Hollywood-esque storyline (FYI all true!), but above all else it provides a cautionary tale. Excessive greed is not good. If you watched Boiler Room youll enjoy this quick and dirty read too. PS Like with most Banker Porn books, this is not required reading just a bit of fun to help push you through the tough recruiting environment. 7. House of Cards: A Tale of Hubris and Wretched Excess on Wall Street, by William Cohan Want to read up on the fall of Bear Sterns and the beginning of the financial crisis, but dont want to be fed a dry account? Then this bestseller is for you, because it approaches the crazy last days of Bears with extreme pace and storytelling. Cohans book is essential reading for any student fascinated by the crisis and in search of the reasons why it went down the way it did. However it must be said, this is less educational, than it is entertaining. So if you decide to pick it up dont expect it to dramatically boost your chances of breaking into banking or anything like that! Also consider Street Fighters: The Last 72 Hours of Bear Sterns by Kate Kelly. 8. Black Box Casino: How Wall Streets Risky Shadow Banking Crashed Global Finance, by Robert England Do you know how the financial crisis came about? Will you be able to discuss it with bankers in your interviews in great detail? Well, if not, then get this book now, because youll emerge from the other side with the deepest of deep understandings of the financial crisis, and youll have reasoned answers and ideas that will blow bankers away come Superday time! Plus England has managed to write about it all with great pace and skill, meaning this is not just a lesson you need to have, but one you will want to have. Must reading for aspiring bankers. PS Just dont beat up on Wall Street as much as England does come interview time! 9. Too Big To Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System-And Themselves, by Andrews Sorkin Its the same details youll get with all those other books, but its delivered in true banker porn style ie a racing narrative thatll get your inner banker feeling a little too excited! We could have filed this book under IB History, but that would be unfair, because the book is a page turner. This is aspiring banker crack!

Practical Investment Banking Books

1. Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions,by Joshua Rosenbaum If you want to be a big swinging banker in M&A then you have to buy this book. Most importantly for you is the first part on valuation. Not only is it clear and easy to understand, but its oh so succinct. You can eat this book for breakfast. Result? You will be able to answer the biggest questions bankers ask in interviews on valuation, including on the 3 major valuation methodologies (comp/prec/DCF). 2. Security Analysis and Business Valuation on Wall Street: A Comprehensive Guide to Todays Valuation Methods, by Jeffrey Hooke As an aspiring banker you need to know how to value companies like a pro. Now Rosenbaums book can help you, but Hookes book can turn you into an insanely switched on baby banker. Why? He focuses exclusively on valuation and approaches it from both the qual and quant angles. Youre not just learning the how-to from some superficial level, but rather youre getting an in-depth education on it. Unlike say Grahram & Dodds classic, Hookes is up-to-date and reflective of todays approach to valuation. This is the perfect book to supplement your college studies or any online financial modeling courses you are taking. Go grab a copy today!